New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-04-24
DyscorrRAGED By THE NEW LAW.

The workings Of the Interstate Commerce law are
not apprehended by those who seek after ocean
freights of grain and provisions and who attribute the
present unremunerative freights and general lack OF
them TO the operations OF the law. Directly con-
nectod with this class are the grain and provision
commission merchants aud brokers. who assert that
never before there such general dulness OF the
export business, and that II Is due 20 the adjustment
Of the law While both Of these classes are dlscour-
aged, they are not respondent: lnasmnch as they
look hopefully forward 10 the early opening OF canal
and lake navigation. II Is believed that the Inter
state Commerce law will give 10 the water routes Q
previous years. The canal-boatmen In excellent
spirits in ANTICIPATION Of much 1rg'r business tho
railroads.
SAN FRANCISCO. April 23-The following petition
signed by leading merchants OF San Francisco tce
graphed to the Board Of Interstate Commerce at Wash
ington yesterday:
The merchants Of this city learning that =,
nen this coast pettioning for
state Commerce during period Of time sufficient TO
able you to make an ana, T be nj $ mon.
~ sGn snr p"sn asd sy the
executing Of the above clause.
CHICAGO April eat Is reported the authority Of
the manager of OF the principal theatres here that
we'll known firm OF painters receiveda letter yes
terday OF the Booth Barrett combination canceing
scenery TO the value OF $4,000 The order was
placed time ago The reason given for cancoling
the is that the operation OF tho Interstate Com
merce law will make 1t impossible TO transport that
scenery without serious loss 10 the company
KEESE N. H., April 23.-The operation OF tho Inter
state law has compelled the abandonment OF business at
spragues box factory at swanze The factory has been
turning out over 5000 boxes daily.
THE SLATE INDUSTRY AFFECTED.
BELvIDERE N j., April 23Tho Interstate law is In
tcrfering seriously with business throughout
Bangor district Othor industries also affected. Tho
railroads unable To- furnish freight rates
the shipments OF roofing slate arc much lighter than they
otherwise would be.
CHANGES AFFECTING NEw.EN0LAND ROADS.
Tho New York and Now England Railroad Coupany
has sold its halt interest In the stock OF the New
England Transfer Company to the Now orx New
Hayon and Hartford Railroad. Some criticism having
been passed upon the terms Pre.i1eat Clark Of tho
New Haven road, said yesterday that tho New:
England roaa had ifoed Its interests ct oil and
would receive the same beneGts under the new man
agement Is 1t did before, only in different way The
sale was made for administrative reason. and the
change simply would result In placing the Transfer
Company ON seli-sustaning basis and securing the
profits formerly paid dividends TO the oompani les
using the concern in the form OF cheaper charges.
Mr.. Clark said that some time this month the
counting offices of the New Haven road would be
moved TO New Haven because II was q central and
convenient point for handling accounts. The sIpern
tendents and executive offices will remain In tho
Grand Central Station
OPENING The HOOKING VALLEY BONDS CASE.
COLUMBUS Ohio, April % (speciab Burke,
former president Of tho Hooking Valley Railway and his
fellow-drectors have for months been under an
injunction from Judge Bingham's Court in Franklin
County restraining them from selling transferring
bonds or stock OF the Hooking Valley road standing
In Names alleged have been fraudulenty Issued
to themselves The defendants moved the dissolution of
the injunction time ago and the motion set for
hearing To- day. President Shaw. Of the manage
ment In the Hooking Valley. IN court with his
sci, ]. W. Simpson, Of NewYork, Ex-Governor Hoadly
and others Judge Burke, w. J. MeKinne and Mr. Hckox,
OF Burkes associates in the Hooking purchase six
years ago. also In court with their attorneys, A.
Harrison and Judge OdA Tho Shaw party asked for and
obaineda continuance till Monday They stated they
had portant dispositions from Messr Adams
winslow Laner Co.. fiscal agents and bankers OF tho
company at the time the in dispute issued
which they produce In court before proceeding
further The delay until Monday was granted. Judge
but he will be back here tomorrow. The remainder
OF the day /, after the =. meeting in court
Greene president Of the TSsa before
and during part of q time when Judge Burke was in
at late hour night in getting the evidence hand.
well as additional matter In shape for presentation in
court on Monday.
CAPTURING THE MANCHESTER AND LAWRENCE.
BosToN April 20 tSpecial.- sensation has been
caused In railway and business circles at Manchester
n H. by the statement that friends of the Boston and
Maine railway have secured a CONT olng interest in
the stock of the Manchester and Lawrence line and
that they will carry the election or directors at the
annual meeting to be held next month. II this plan
is successful the Maine will be operating the Lawrence
within three months There is question that there
have been within three weeks largo sales OF Lawrence
stock the interest OF the Maine The highest figures
reported are $22c share par value OF $1OO the
highest price at which the stock ever teen sold
Colonel Sinclair president OF the Worcester Nashua
and Rochester road and confidential agent OF Frank
Jones, of Portsmouth, has been heie frequently Of
iate and known to have bad long consultations with
George b. Chandler. treasurer OF the Manchester and
Lawrence. Mr.. Chandler has long been understood |
ha NJ mimi hat aostv i'll NJ
chester with the largest cotton manufacturing corpor-
alton In the world and moro than onetsnth Of tho